Expert: Despite Kraninger speech, don’t sleep on enforcement

Consumer Protection

Friday, April 26, 2019

The financial industry largely responded positively to Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger’s recent speech at the Bipartisan Policy Center in which she said, among other things, that the bureau should focus more on consumer education than on enforcement.

Despite certain implications of that approach, Garris Horn Managing Attorney Richard Horn told Dodd Frank Update the industry should not misconstrue her words as a signal that enforcement will slow significantly.

Find out more details about what Horn and industry organizations had to say.

The Federal Reserve Board, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. have issued information on the host state loan-to-deposit ratios, which are used to determine compliance under Section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. Review the ratios in Dodd Frank Update’s Library.